bitcoin wasn’t created to make you rich. It was created to make you free

MCobian

full member

Activity: 1190

Merit: 117

Quote from: Doell on October 01, 2021, 06:16:17 AM

Of course bitcoin was created for that purpose not to get rich but over time bitcoin is known as a digital investment asset also ,take it easy it still applies to the community that bitcoin was created for freedom ,have to think objectively bitcoin is now famous for anything investment can ,freedom can ,for economic growth absolutely can, Wise satoshi has succeeded in our eyes

Satoshi Nakamoto from the beginning created Bitcoin not as an asset, but as a currency that is different from fiat. We are given the freedom to manage
our own finances without third party interference, so every Bitcoin transaction is without a third party. So financial transactions can be faster and
cheaper, but unexpectedly the demand for Bitcoin increases sharply every year. That's why the price of Bitcoin is volatile and some people use it to
make a profit. After some people managed to get big profits because of Bitcoin trading, that's the beginning of why many people now think Bitcoin
can make us rich. Even though the purpose of Bitcoin was created only as an alternative payment.

Doell

hero member

Activity: 2156

Merit: 531

Of course bitcoin was created for that purpose not to get rich but over time bitcoin is known as a digital investment asset also ,take it easy it still applies to the community that bitcoin was created for freedom ,have to think objectively bitcoin is now famous for anything investment can ,freedom can ,for economic growth absolutely can, Wise satoshi has succeeded in our eyes

ice18

hero member

Activity: 2492

Merit: 542

Quote from: Wong Gendheng on September 30, 2021, 08:45:48 AM

Complete freedom and control is the purpose of making bitcoin and cryptocurrencies,

Right but for only few people, they don't really care about the purpose you are talking, majority of investors buying bitcoin are mostly for profit to become rich and financially stable this is the sad fact but we cant do something about it, some other people are using bitcoin to hide their wealth and to avoid tax thats why most countries prohibiting bitcoin because they cant control it unlike fiat.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

People who come up with thread titles like this clearly have a lot to learn about life and finances. Bitcoin doesn't make you free at all. Just like a dollar or a peso does not make you free. Accumulating enough of any currency that can support your desired lifestyle is what gives you the freedom in life. Every currency is just a store of value that we exchange for goods or services. Bitcoin doesn't produce anything either, unlike investing in a company that produces goods or does something for people, which can then return it's profits to shareholders (aka the owners). The only way the value of your Bitcoin goes up is if you trade your local currency for more, or the price changes due to factors entirely outside of your control.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

Bitcoin was not created to make us rich and in fact many people have become rich because of bitcoin and freedom because we have complete control over ownership and also financial freedom, besides the transaction fees are cheap, practical and fast because it is digital. and also has its own freedom because it does not have access to or is affiliated with a bank and it is also very profitable for me because I can make transactions at any time without having to wait for bank hours.

and for me to invest in bitcoin because it can be used to protect the value of the assets I own rather than just being kept in cash which is easily eroded by inflation.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

Complete freedom and control is the purpose of making bitcoin and cryptocurrencies, unfortunately there are too many obstacles especially from many countries that are still banned bitcoin so it is difficult to use directly like fiat, the fact that currently exists is bitcoin is mostly used for trading with the hope of profit so the goal is for freedom has not been achieved.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

Bitcoin wasnt created for sole purpose on saving up certain state or class of people.This is for everybody into those who do love decentralization and anonymity and it cant really be denied.
Bitcoi wasnt created to make us rich but we cant deny that it is one of the benefits specially to those people who had believed when it is worth nothing or simply been starting.
We are free when it comes to our finances but doesnt mean that we would really be saving up ourselves to losses and we know that its really volatile.
We do have different impressions but for sure those things mentioned above are in common.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: ConnerDalfino on April 01, 2021, 04:43:31 AM

I hate that I cannot save money effectively because our government loves to inflate problems away at the expense of my savings... bitcoin and altcoins are our greatest hope in returning power back to working middle-class people.

your thoughts?

This world doesn't prioritize middle class, people don't prioritize middle class too, only elite people are on top of the world.

Also, I would say that this world doesn't work in a way and people don't think in a way to prioritize middle class, the answer is simple - power changes everyone.
There was Soviet Union created with the idea that everyone is equal, everyone should live the same way and "enjoy" the same quality of life. For this reason, they closed the borders and weren't showing people what was happening in USA and Europe, people couldn't visit these areas, Soviet Union was closed! When you are in borders and can't see life in other countries, you have no idea what's happening there and especially when the government brainwashes you, you then believe that you live the best compared to other countries. People were thinking that and were happy because they didn't know much, their life was limited and they have never seen what its like to live anywhere other than Soviet Union. People were working, things were collected and then shared according to what needs each person had. But it didn't work, system failed because humans are egoist and that's normal.

Even bitcoin, it wasn't created by average Joe, i.e. human from middle-class didn't created it.

alviemery96

jr. member

Activity: 209

Merit: 2

G I S T C O I N

In this case, whether we like it or not, anyone providing goods and services has to pay taxes to the government in the form the government chooses, usually their fiat.
So, sooner or later Bitcoin interacts with fiat, whether we sell Bitcoin at the exchange, even if we pretend to buy Bitcoin, but the store actually receives the fiat. On the other hand, we live in a time. difficult times, not just now, there have been generations of generations less able to save, it's a social problem not only in third world countries, it's global, even in some cases suitable in some developed countries. Yes if we use BTC it will help us to have financial freedom and not be controlled by any 3rd party.

xSkylarx

hero member

Activity: 2366

Merit: 594

Well way back 5 years a go mostly the purpose of bitcoin was only as a payment method, no investment at all since it was really fast and less fees because before sending money is really difficult and also it has a high fees also it is not transparent but now when the bitcoin came that could be track anonymously and also less fees but it was used in illegal transactions thats why most people before said that it was a scam but it isnt.

SacriFries11

sr. member

Activity: 882

Merit: 253

I think it depends to the person who will handle bitcoin or cryptocurrency. At my young age, me and my friends make this free. What free? Free from buying what we want like new android phone, buying food that we want aside from the food that we bought with the allowances given by our parents, buy clothes and other staffs that makes us happy at our age. As I get older, it does not really make me rich but it helps me to be financially stable as well my friends which happened to earned more and gained more than me through bitcoin and altcoins.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: ?? on ??

Bitcoin can not only bring wealth, but also help achieve freedom.
As people's demand for Bitcoin increases, its value will continue to increase, and long-term holding can make good profits.
The decentralization of Bitcoin is not regulated by anyone and can freely trade and use one's own assets.

Thats some of the benefits of engaging ourselves in bitcoin. We have the freedom to do what we want without the need of third parties. Its up to us if we want to use it as currency or as an investment since the price is high volatile and good to take advantage. Before, im just relying on banks to save money, but now I have the full control with high interest, thats what I like best.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Spack17 on September 03, 2021, 06:39:58 PM

This is so true honestly. Bitcoin's main goal has never been making someone rich. It just depends on people's investment strategy to really get rich. Bitcoin has always aimed to give people the freedom of making their transactions anonymously and without needing the help of someone. For example, people were going to pay for something by using Bitcoin and they were going to do this in a digital environment like mobile phone.

This also has a different context from how people see it, because some if they see it as to get rich if they decide to make the right investment, others see it as freedom because they go over any bank or government.

Although many think that this has to do with getting rich quick they can be very wrong, sometimes when trading with the intention of getting rich quick the most frequent result is failure, even sometimes the disappointment is so much that it is not insist more on staying there.

The advantage in the technology and economy of BTC will always be in those who have more money to invest, because they will get results quickly, especially in investment, but they have to have an investor culture, something like Warren Buffet's style, for as regards that if you know how to make or work bitcoin you can get rich and have financial freedom.

AndySt

legendary

Activity: 2184

Merit: 1012

Quote from: DoublerHunter on September 03, 2021, 05:22:28 PM

Quote from: kawetsriyanto on September 03, 2021, 04:15:45 PM

Since Bitcoin also functions as an investment/trading tool, It is possible that Bitcoin can make someone be rich. Sure, there is no guarantee about this, depends on how good the individual is in managing his/her Bitcoin. Successful trading or investment requires many factors; including sufficient knowledge, proper strategies, etc. However, we cannot deny that there are people who successfully be rich through Bitcoin investment or trading. So, it is wrong if you claim it isn't created to make people be rich. In reality, it really happens.

^ Definitely right but BTC did not promise to anyone to make it rich and probably other people thinking that way. BTC was created just because of the purpose to alternate the fiat money when it comes to transactions. But other people saw that it makes profitable, by holding to it and store value and also in trading they saw the potential of making a profit, so we cannot deny the fact that BTC is also profitable or made people get rich. That is it, it was created to make us free from our government but they found out that much better to get profit too.

The wishes to be free from the government in any case, let them remain only wishes. The current system of public administration did not appear out of nowhere and not in vain to take and cancel this system. I think that any ordinary person has a lot of claims to his own state, but this does not mean that everyone's freedom from the state will lead to prosperity and prosperity. A poorly functioning system of state administration is better than freedom from it, chaos and anarchy. Therefore, freedom is a relative concept. Bitcoin could allow you to become freer, but it will not be able to guarantee complete freedom in any case. Well, as usually happens in human history, ideals become a victim of mercantile considerations built on greed and profit Wink

Spack17

sr. member

Activity: 1778

Merit: 294

This is so true honestly. Bitcoin's main goal has never been making someone rich. It just depends on people's investment strategy to really get rich. Bitcoin has always aimed to give people the freedom of making their transactions anonymously and without needing the help of someone. For example, people were going to pay for something by using Bitcoin and they were going to do this in a digital environment like mobile phone.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: kawetsriyanto on September 03, 2021, 04:15:45 PM

Since Bitcoin also functions as an investment/trading tool, It is possible that Bitcoin can make someone be rich. Sure, there is no guarantee about this, depends on how good the individual is in managing his/her Bitcoin. Successful trading or investment requires many factors; including sufficient knowledge, proper strategies, etc. However, we cannot deny that there are people who successfully be rich through Bitcoin investment or trading. So, it is wrong if you claim it isn't created to make people be rich. In reality, it really happens.

^ Definitely right but BTC did not promise to anyone to make it rich and probably other people thinking that way. BTC was created just because of the purpose to alternate the fiat money when it comes to transactions. But other people saw that it makes profitable, by holding to it and store value and also in trading they saw the potential of making a profit, so we cannot deny the fact that BTC is also profitable or made people get rich. That is it, it was created to make us free from our government but they found out that much better to get profit too.

kawetsriyanto

legendary

Activity: 2422

Merit: 1140

duelbits.com

Since Bitcoin also functions as an investment/trading tool, It is possible that Bitcoin can make someone be rich. Sure, there is no guarantee about this, depends on how good the individual is in managing his/her Bitcoin. Successful trading or investment requires many factors; including sufficient knowledge, proper strategies, etc. However, we cannot deny that there are people who successfully be rich through Bitcoin investment or trading. So, it is wrong if you claim it isn't created to make people be rich. In reality, it really happens.

Sweminer777

hero member

Activity: 754

Merit: 500

1xBit the largest casino

Correct, but people don't understand that yet.

Greedyness awakeness most of the lazy people.

but yet they are those called paper hands aswell. we will see what it comes to the future!

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Having it to do both is not such a bad idea, btc gives a form og freedom to its users as well as make them to be financial comfortable as well, the former may not have been the sole purpose of btc creation but unfortunately it is impossible to for the value not to increase because of the value people place on it.

Charot12345

full member

Activity: 257

Merit: 102

Quote from: Kittygalore on April 01, 2021, 06:24:27 AM

My thoughts is that bitcoin is just a medium to help you become rich or financially stable, in the end you are the one that needs to utilize those tools given to you, what I mean by that is you do have bitcoin but you don't know what to do next so you are just stuck into hodling only which isn't helpful if you want to get financially stable. I do agree that bitcoin can return the power back to the working class but we all know that bitcoin is for everyone so even the ruling class can get in like what they are doing now.

I agree with this, Bitcoin will help you rich but on how to manage it is in your hands because some people don't know how to manage their earnings well that make them broke.

Bitcoin was developed to give everyone freedom on their own money. On what they want to do with it, without anyone regulating it. Because of being free, it depends on how you manage or utilize it and become rich. Because of that financial freedom, people can be stuck on holding, spend it, but some people use it as an investment.

Topic: bitcoin wasn’t created to make you rich. It was created to make you free (Read 1785 times)